On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1330 AM Sheboygan, WI

Weather

Current Conditions(Sheboygan,WI 53081)

More Weather »
64° Feels Like: 64°
Wind: SSE 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 77°

Tonight

Thunderstorms Late 62°

Tomorrow

Thunderstorms 73°

Alerts

Hurricane Sandy claims may exceed insurance program funds: FEMA

WASHINGTON (Reuters) - The federal government's flood insurance program may not have access to enough funds to cover anticipated claims from Hurricane Sandy victims, a top official at the Federal Emergency Management Agency said on Thursday.

Edward Connor, FEMA's deputy associate administrator for federal insurance, told an insurance advisory panel on Thursday that his agency is projecting a flurry of flood-related claims in the neighborhood of $6 billion to $12 billion.

That is well above FEMA's current borrowing power, he said, which is maxed out at $2.9 billion. To extend it would require authorization from Congress, something Connor said he expects the Homeland Security Department will request soon.

(Reporting By Sarah N. Lynch; Editing by Gary Hill)

Comments